SEC to reassess securities framework for on-chain markets, trading platforms, clearing and crypto custody

SEC Chair Paul Atkins said the Commission is considering revisiting rules that govern exchanges, brokers and clearing systems as on‑chain finance evolves, signaling possible rule changes for on‑chain trading platforms ^{[1] [2]}.

Reporting indicates the SEC is targeting on‑chain trading rules and oversight of crypto custody and vaults, and has identified areas likely to be considered for new rulemaking as it monitors on‑chain markets ^{[3] [4]}.

The agency framed these steps as an effort to create regulatory clarity for crypto markets while Congress considers legislation such as the CLARITY Act; to date, the SEC has not published specific new rules ^{[2] [4]}.

Agency statements point to potential formal rulemaking on how existing securities frameworks apply to on‑chain activity, but no concrete rule proposals have been released yet ^{[4] [3]}.